Meeting qualifications earns higher dividends
Summit Checking can help you reach those peaks—whether literal or metaphorical—with higher dividends when you meet the monthly qualifications. That means that if you use your debit card 10 times a month and set up direct deposit with this account, you can earn some seriously high dividend rates. With Summit Checking, you can earn between 0% and 4.5% APY on your first $20,000 when you meet those monthly qualifications. That’s a higher rate than most money market accounts. It’s like having a checking account that does double duty, earning you more money by putting your cash to work.
Enjoy a low minimum balance
Sure, you can earn dividends at higher rates on up to $20,000 in the account. But if you’re like most people, who wouldn’t be able to have $20,000 in cash sitting in a checking account, that doesn’t stop you from earning high rates. You just need a minimum balance of $0.01 in the account to be earning dividends. So no matter how much you can afford to deposit in your Summit Checking, you can earn that high dividend rate on your funds as long as you meet the monthly requirements.
Rejecting hidden fees
This account doesn’t nickel and dime you. With no minimum balance on the account (and just that super low minimum balance for earning dividends) and a free debit card, there just aren’t a lot of catches in the fine print. Some accounts with other financial institutions feel like they make you pay for every little transaction and service. But here, your debit card, the key to earning those sky-high dividends, comes at no cost to you.
Take advantage of online banking and bill pay
As with the rest of RMCU’s suite of accounts, the Summit Checking Account lets you streamline your finances with online banking and bill pay. The secure portal gives you instant access to your account balances, real-time credit score info, and the option to set up automatic bill pay so you never miss a due date.
Knowing your money is safe and insured
By member choice, RMCU isn’t federally insured. But that doesn’t mean your money is any less protected. Each account with RMCU is privately insured for up to $250,000 by American Share Insurance. So when your money is deposited in your Summit Checking Account, it’s safe, secure, and earns you more with every dollar you deposit.
Ready to put your checking account to work? Open your Summit Checking Account* with RMCU, and see where checking can take you.
*Must qualify for membership. All checking accounts are verified with ChexSystems. By member’s choice, this institution is not federally insured. Each account is insured for up to $250,000.00.
Non-RMCU links are being provided as a convenience and for informational purposes only; they do not constitute an endorsement or an approval by Rocky Mountain Credit Union of any of the products, services or opinions of the corporation or organization or individual. RMCU bears no responsibility for the accuracy, legality, or content of the external sites.
Non RMCU links are being provided as a convenience and for informational purposes only; they do not constitute an endorsement or an approval by Rocky Mountain Credit Union of any of the products, services or opinions of the corporation or organization or individual. RMCU bears no responsibility for the accuracy, legality, or content of the external sites.
